Associate, Asset Management, YSRE
Role
Yieldstreet is looking for an Associate, Asset Management to join the Yieldstreet Real Estate Team “YSRE” to support oversight and asset management activities related to Yieldstreet’s $1.5B+ commercial real estate portfolio. You will have an opportunity to provide strategic and technical leadership through acting as the liaison between Yieldstreet and its operating partners with a specific focus on overseeing the portfolio of real estate assets located throughout the U.S. and serving as an inhouse asset management expert. In addition, you will have an opportunity to successfully build and maintain strong relationships with company leadership, Finance, Investor Relations, the broader Investments Team, and external operating partners. As a successful candidate, you have a strong work ethic and motivation to learn, as well as meticulous attention to detail. You are also results-oriented, looking for professional growth within real estate investment technology, and are excited to make a large impact at a high-growth innovative financial-tech company.
What You’ll Do:
- Support oversight and strategic asset management of a portfolio of real estate assets located throughout the U.S.
- Develop and implement strategy for each investment including hold/refinance/sell recommendations.
- Actively review monthly operating reports to help identify and track operating performance trends, operating budget variances, and significant changes in the assets and their respective markets.
- Monitor and track compliance of all guidelines in the loan documents, joint venture agreements, and other relevant agreements.
- Generate asset management reports for internal and external use.
- Closely partner with key stakeholders, building strong relationships with internal and external partners to enhance operational functions and provide value-add support.
- Develop detailed working knowledge of the organization and how the functions partner together internally and with external parties.
- Ensure the fiscal integrity of portfolios through diligent monitoring and managing of owned assets with operating partners to maximize distributable cash flow and long-term economic value in addition to working with operating partners to create operating budgets and business plans.
- Collaborate closely with investor relations on all aspects of the portfolio.
- Lead quarterly asset review process with Senior Management.
- Lead calls with operating partners for asset and market performance updates.
- Proactively strengthen processes, and be accountable for accuracy, integrity and timeliness of key projects through regularly monitoring the progress of capital improvement projects and spending for adherence to approved plans and for identifying cost variances.
- Monitor market research and geographic trends relative to investment value, leasing, costs, and supply/demand fundamentals
What You Have:
- 3-6 years of experience with equity investments across multiple property types with an emphasis in multifamily, industrial, office properties.
- Strong understanding of real estate fundamentals.
- Demonstrated understanding of Excel and Argus and overall modeling process.
- Effective written and oral communication skills.
- Ability to multitask and work under pressure to meet deadlines.
- A heightened attention to detail – must be meticulous and consistently accurate.
- Proactive, diligent team player who thrives in an entrepreneurial environment
About Yieldstreet
Yieldstreet is the leading private market investment platform. We believe that private market alternatives should be a fundamental part of your portfolio. That’s why we’re unlocking access to make it easier than ever to get started. We partner with top-tier investment managers to provide investors with a wide range of opportunities across real estate, venture capital, private equity, art, short term notes and more. All of our offerings are curated and vetted by our team to help investors diversify away from the stock market with confidence.
Why Yieldstreet?
Join a team of diverse, smart, and friendly people from 8 different countries who speak a total of 17 different languages who are on a mission to make alternative investments a fundamental part of the modern portfolio. Our team is comprised of successful entrepreneurs with combined exits of over $1B. We get social with each other during happy hours, exercise classes and team off sites! We are a hybrid work company giving you the opportunity to connect with your peers in real time with the flexibility to work remotely a few days per week.
Compensation:
- HIRING SALARY RANGE: $115,000 - 165,000 (Actual salary to be determined by the education, experience, knowledge, skills, and abilities of the applicant, internal equity, and alignment with market data.) Compensation package also includes generous bonus, benefits and equity.
PLEASE NOTE - ALL CANDIDATE COMMUNICATIONS WILL COME VIA LINKEDIN OR THE YIELDSTREET.COM DOMAIN. ALL CANDIDATES THAT ARE SELECTED FOR THE INTERVIEW PROCESS WILL HEAR FROM LIVE HUMAN BEINGS. IF YOU HEAR FROM ANYONE WITH AN ALTERNATIVE DOMAIN (e.g. YieldstreetCareers.com) OR RECEIVE AN OFFER IN ANY MANNER OTHER THAN VIA PHONE, KINDLY REACH OUT TO US IMMEDIATELY.
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